Bulk deals: Yum Restaurants exits Devyani Int, Nippon acquires minority stake

Yum Restaurants offloaded its entire stake in Devyani International while Nippon India Mutual Fund picked up some stake, according to bulk deal data from the exchanges. Yum Restaurants India sold 5,30,83,330 shares or 4.4 percent stake at an average price of Rs 164.1 on February 21 valuing the transaction at Rs 871.09 crore.

Meanwhile, Nippon India Mutual Fund acquired 80,00,000 shares or a 0.66 percent stake in Devyani International at the same price.

Shares of Devyani International surged 1.24 percent to close the day at Rs 167.8.

In the case of Campus Activewear bulk share exchange took place during today's trade. Qrg Investments and Holdings sold 40,65,000 shares at an average price of Rs 245 while SBI Mutual Fund was the buyer. Qrg sold a 1.33 percent stake for Rs 99.59 crore. It held a 1.38 percent stake in the company as of December 2023. Campus Activewear stock gained 3.24 percent to Rs 253.

In Gulf Oil Corporation, promoter Hinduja Capital sold 5,00,000 shares at Rs 495 per share amounting to Rs 24.75 crore. Hinduja Capital sold roughly 1 percent stake on February 21. It held a 73.83 percent stake in the company as of December 2023.

Dream Achiever Consultancy picked up 3,80,770 shares of Gulf Oil at an average price of Rs 494.97 valuing the deal at Rs 188.46 crore. The GOCL stock zoomed 9.5 percent to Rs 487.In Poly Medicure, foreign investor Lighthouse India III Equity Investors sold 12,90,939 shares at an average price of Rs 1,550.06. Lighthouse has sold a 1.34 percent stake for Rs 200.10 crore. Lighthouse previously held a 4.29 percent stake in the company. Shares of Poly Medicure gained 1.73 percent to close at Rs 1,618.8.